Archives - 05 August 2014, Tuesday

After mortgaging most of Ecuador ’s oil and gold to finance spending, President Rafael Correa is planning to create virtual money to pay the nation’s bills. Congress last month approved legislation to start a digital currency for use alongside the U.S. dollar , the official tender in ...

After promising the official release of Bitcoin -based debit cards, Xapo became a crypto-currency darling. Sadly, however, the bloom went off the rose once users received word that their debit cards, connected to Xapo bitcoin wallets, would incur a number of transaction fees. Now the ...

Bitcoin, a mysterious currency that first appeared five years ago, is widely accepted as more people embrace the digital money. But it's not without controversy. "I started getting more into it when a poker site I was playing announced they would have cash-outs in Bitcoins," said Chic...

The currency has been useful as a rival to traditional payments processors, as transfers made in Bitcoin can be near instantaneous and performed at very low cost compared with conventional services. Preston Byrne, a fellow of the Adam Smith Institute and a commercial lawyer specialisi...

Coinbase co-founder Fred Ehrsam didn’t hesitate to set lofty goals for his company entering 2014, as he quickly predicted his company would enroll no less than 10 billion-dollar businesses in its services before the year’s end. At the time, it was a bold claim for the bitcoin merchant...

Chinese exchange OKCoin announced today it will add futures trading to its platform, saying it is one of the first major exchanges in the world to offer users the chance to trade futures denominated in bitcoin. OKCoin’s futures trading, which will be in beta for the next two weeks bef...

New York’s Department of Financial Services has presented draft regulations for bitcoin trade that are an absolute heap of bullshit, and that’s even before going into what the proposal actually says. The propsed regulations require a so-called “BitLicense” in order to trade in bitcoin...

The French Senate recently published a report on bitcoin which warned that a continued focus on the digital currency’s risks could distract from its true potential, especially its “nearly inexistent” transaction fees and robust security. Though the document calls for some level of sta...

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Russia’s Ministry of Finance has announced proposals to ban the issuance of bitcoin and any operations involving cryptocurrency. On Friday (1st August), the Finance Ministry announced on the government’s regulation website that it was drafting a bill relating to cryptocurrencies, whic...

The famous online information provider Wikipedia announced that they will accept the bit coins as donations. According the bit coin world the 1bitcoin is more than 500$usd so many people are attracted to bit coins to today and in many countries the legal talk is going on whether to ac...

Unlike conventional currencies, Bitcoins aren’t printed or minted – they don’t physically exist and are not controlled by a bank or government. Instead they are created and held electronically, allowing users to conduct transactions over the internet. They form part of a growing categ...

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For a new industry to grow, it needs smart, dedicated people. However, despite the promise and potential of bitcoin and its many companies, attracting qualified employees can be surprisingly challenging. The simple fact is, although many startups are founded and initially run by small...

Block chain technology, the public ledger of Bitcoin, is an amazing record keeper, tracking all transactions in its string of code. What better way to create an electronic signature than with this self-tracking technology? Well, that’s what BlockSign founder Nicholas Thorne thought. T...

After promising the official release of Bitcoin -based debit cards, Xapo became a crypto-currency darling. Sadly, however, the bloom went off the rose once users received word that their debit cards, connected to Xapo bitcoin wallets, would incur a number of transaction fees. Now the ...

I have two 8-drive RAID arrays making 36TB of remote accessed storage. But it is also using far more secure software and honestly, each one cost less then the comparable Synology box also FWIW. You’re putting up an argument for NAS boxes which never was my question at all. It’s these ...

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BitPay continues to break down barriers for merchants looking to accept Bitcoin. The payment processor launched an exciting new pricing plan for businesses that will ultimately eliminate every hesitation for whether a company should accept Bitcoin as payment for products and services....

If you have a good memory, you might remember that Jed McCaleb, the original Mt. Gox owner (he sold it to its last CEO, the disgraced, Mark Karpeles) teased a project he was working on a while back. It was shrouded in mystery, but he did say he was looking for Alpha testers. Yesterday...

Maybe, that is the simple explanation. Perhaps people had become so used to reading the good news/bad news in the media generated by the volatility that the newly discovered stability is leading to boredom, and that is acting to suppress trading volumes. Bitcoin value is different fro...

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BitVC, the Hong Kong-registered subsidiary of China-based digital currency exchange Huobi, has officially opened its margin trading and digital currency savings accounts to the international public. Huobi’s margin trading platform BitVC and its ‘Yubibao’ wallets, which also function a...

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